Have you wanted to own a Las Vegas home but figured you could never afford it? Well, when sales prices were in the $300s (or higher) that might have been true. But now that the median sales price of a Las Vegas home is in the low $100s, homeownership might be in the cards for…
While only your lender can make a final determination about your eligibility for a short sale, you can get a good idea of your qualifications before you begin by having a frank discussion with a qualified short sale specialist. You know the value of a short sale. A short sale is a special arrangement with…
The Greater Las Vegas Association of REALTORS® reported last week that short sales accounted for 21.6% of all Las Vegas homes sold in June (not counting new builds). What’s a short sale? It’s when the mortgage holder agrees to accept less than the value of your mortgage as payoff on your home (when the sales…
Las Vegas is the #1 market for rental property investors. If you decide to take advantage of the rental property investment opportunity here, or if you already own a Las Vegas rental, how do you manage that property? One option, of course, is to do it yourself. DIY property management might save you the money…
Las Vegas is the #1 real estate market to invest in rental property, according to a report published Monday by HomeVestors of America, Inc. (known as the “We Buy Ugly Houses®” company) and Local Market Monitor (a leading forecaster of real estate markets). Here are the 5 reasons why (and why you should consider investing…
Las Vegas real estate agents have long been frustrated when a buyer walks during the short sale processing period and then have to start the process all over again, even if they had a back-up offer with identical terms ready as a replacement offer. Bank of America will now allow Las Vegas real estate agents…
Rents are up, and property values are down, making Las Vegas a great place to get established as a property owner. Of course, buying a rental home and actual getting it occupied and generating income are separated by a few crucial steps. All told, however, it’s easier than you think to start earning rental income.…
We’re excited to announce a new addition to our Property Management team, Las Vegas Property Manager, Melody Wallace. Melody, a former Corporate Broker with Asset Realty has over 13 years of residential property management experience here in the Las Vegas Valley. She brings a vast amount of knowledge to our team and will be instrumental…
Important announcement if you are considering securing FHA 3.5% down financing for a home in Clark County (Las Vegas, Henderson, North Las Vegas, Boulder City), then you have until October 1, 2011 fund on your loan before the loan limits drop from $400,000 to $287,500.
Even the wealthy are considering strategic defaults on their million dollar mansions in Las Vegas.
Las Vegas has made several top 10 real estate and economy lists in the past few years, yet this is the first positive mention of our local market that I’ve seen in a while.
If you’re one of the lucky ones out there with a steady job, a nice cushion in savings and an opportunity to buy a new home, you’re shopping in the best house-buying environment available.
